| 💡 Takeaway | Details |
|---|---|
| 🏢 Company Overview | Approved Funding Group is an alternative business funding company based in Deerfield Beach, FL, offering fast access to working capital for small businesses nationwide. |
| 💰 Funding Amounts | Approved Funding Group provides fast, small-business funding options from $15,000 to $650,000. |
| 🔄 Funding Type | The company offers revenue-based financing, providing upfront capital in exchange for a percentage of future business revenue. |
| ⏱️ Funding Speed | Most deals can be funded within 24 hours once a firm approval is obtained and terms are agreed upon. |
| 📋 Qualifications | Approved Funding Group does not publish specific minimum requirements, but revenue-based financing is often available to businesses with less-than-perfect credit. |
| 🌐 Transparency | The company’s website offers minimal information, with few details on fees, terms, or repayment structures—making comparison difficult. |
| ⭐ Customer Reviews | Approved Funding Group holds a 4.5 out of 5 rating on Google based on over 290 reviews, though online feedback elsewhere is limited. |
| 🏁 UCS Rating | 2.7 out of 5 — Solid Google reviews but significant concerns about limited transparency and unclear funding details. |
When traditional banks decline your application for a small business loan due to factors like low credit scores, insufficient collateral, or limited time in business, you may turn to alternative business lending options. Many conventional lenders typically require good to excellent credit, at least 2–3 years in business, and substantial collateral or assets.
Alternative providers like Approved Funding Group, by contrast, often place greater weight on business performance and cash flow than on traditional underwriting criteria. However, these non-bank funding options can also come with higher costs, more opaque terms, and variable repayment structures—so it’s crucial to evaluate any funding option carefully to protect your business.
In this review, we’ll explain how Approved Funding Group works, including the available options, pros and cons, and application process, to help you decide if it’s right for your business. Specifically, we’ll answer these questions and more:
Approved Funding Group is an online business-funding provider offering non-traditional capital solutions for small businesses. It is headquartered in Deerfield Beach, Florida.
The company targets small businesses that may not meet strict bank criteria and presents itself as providing “fast small business funding options from $15K up to $650,000.” Within its marketing materials, the company emphasizes that personal credit is not a significant factor for approval.
Approved Funding Group serves a range of industries and positions itself as a practical alternative to traditional small business loans for companies that need working capital quickly.
Approved Funding Group offers revenue-based financing, providing upfront capital in exchange for a set percentage of the business’s future revenue. This is not a traditional business loan. Instead of a fixed monthly payment tied to principal and interest, the repayment structure is often linked to future receipts—similar to a business cash advance. Funding terms with Approved Funding Group vary from 12 months to 10 years.
Because the payment obligation is tied to revenue, payments may fluctuate based on business performance. This can provide flexibility when compared to rigid fixed loan schedules, but it can also make cash-flow planning more complex.
Revenue-based financing tends to cost more than traditional loans, and the company states that eligibility for the lowest rates is limited to businesses with strong creditworthiness and cash flows. In short, businesses receive an advance ranging from $15,000 to $650,000 and repay through a share of revenue until a predetermined total repayment amount is reached.
Approved Funding Group does not publish specific minimum business loan qualifications regarding credit score, revenue, or time in business. However, since its primary product is revenue-based financing, underwriting is generally focused on business performance rather than personal credit scores. The company notes that personal credit is not a significant factor, but those with strong creditworthiness and consistent cash flow are more likely to receive favorable rates.
While bad-credit applicants can technically apply, approval will depend on the business’s revenue stability and its ability to manage variable repayments. In the broader revenue-based financing market, funders typically require at least six months to one year in business and consistent revenue. Applicants should assume that Approved Funding Group evaluates each business individually rather than using fixed minimum thresholds.
Approved Funding Group operates with a minimal online presence. The company’s website is minimal with no detailed “About Us” section, blog, or product disclosures. Some additional pages appear in search results, but they are not part of the primary site and are likely marketing landing pages. This lack of transparency makes it difficult for potential borrowers to compare Approved Funding Group to other revenue-based financing providers or to verify details about its products and pricing.
Due to limited information available, applicants should exercise caution and thoroughly review any funding agreement before signing. It’s essential to confirm all fees, payment schedules, and whether prepayment penalties or early payoff discounts apply.
Like most revenue-based funding models, the structure can carry risks if repayment obligations exceed your business’s cash-flow capacity, so you should have a clear understanding of the total repayment amount and ensure it aligns with your revenue projections.
There are also relatively few online reviews for Approved Funding Group, making it difficult to assess its reputation compared to competitors. Among the limited reviews available, feedback is generally positive, with some customers praising the fast business funding process. However, negative reviews mention concerns about high costs and limited communication after deals are funded.
We couldn’t find information about a business funding affiliate program from Approved Capital Group. One online review suggests the company itself is an affiliate of Bitty Advance, but we could not verify this, as most online research indicates the company is a direct funder. ISOs and business loan brokers should contact Approved Funding Group directly or find a different funder with a more transparent partner program.
Approved Funding Group offers a streamlined, three-step process designed to help small businesses access funding quickly and efficiently. Many online funding options provide a quick, easy small business loan application.
Here’s how it works:
Business owners can begin by visiting the company’s website and completing a short online application form or by calling the company’s toll-free number. The initial form collects basic information about the business, including the company name, time in operation, average monthly revenue, and contact details.
Approved Funding Group can give pre-approvals for funding in minutes with no obligation. Once pre-approved, the company typically requests bank statements and other financial documents to verify the financials before finalizing the offer.
Once the funding terms are finalized and a firm approval is in place, the business owner signs the funding agreement electronically. Most deals with Approved Funding Group can be funded within 24 hours of a firm’s approval.
This three-step process allows small businesses to go from application to funding in as little as one business day, making it an appealing option for owners who need working capital quickly.
After funding, businesses can expect repayment to occur on a daily or weekly basis, typically as a percentage of gross sales or revenue. This is commonly managed through automated ACH withdrawals from the business bank account or by splitting credit card receipts.
Approved Funding Group does not publish details about early payoff discounts, renewal options, or prepayment penalties. Because repayment schedules and total repayment costs can vary significantly, borrowers should confirm these terms with their funding advisor before signing.
Understanding the total repayment cap, term length, and how revenue fluctuations might affect payments is essential to avoid cash flow strain and common business funding mistakes.
Approved Funding Group’s most significant advantages are its speed and accessibility. Pre-approvals can be completed within minutes, and businesses can receive funds within 24 hours, which is valuable for those facing immediate cash flow needs.
The service also markets its funding as being available to businesses with poor or limited credit, emphasizing business performance over credit scores. The flexible, revenue-based repayment structure can be beneficial during slow months, and funding up to $650,000 provides meaningful capital access for small and mid-sized companies that need quick working capital or growth funding.
The main disadvantages of Approved Funding Group are its high costs and lack of transparency. The company lists average rates of 25% simple interest or 32% APR, which are far higher than most traditional business interest loan rates. The limited information on its website also makes it difficult for borrowers to fully understand terms, fees, and repayment structures before applying.
Additionally, revenue-based repayments can create cash flow challenges as remittances may increase with revenue. The lack of verified independent reviews and limited disclosure about its underwriting process may also make it less appealing for businesses seeking predictability or clarity in their financing.
Pros
Cons
Yes. Approved Funding Group appears to be a legitimate business funding company. It is registered as an LLC in Florida and has a verifiable address at 10 Fairway Drive, Suite 204, Deerfield Beach, FL. The company has an A+ rating with the Better Business Bureau, though it is not accredited by the BBB.
While it appears to be a real funding source, its bare-bones website and limited online presence may be concerning for some potential applicants. Business owners should carefully review contracts and confirm all costs and repayment terms before accepting funding.
Approved Funding Group’s available reviews are limited but mostly positive. The company has over 290 Google reviews, averaging 4.5 out of 5. Many customers highlight the quick approval process, ease of communication before funding, and the company’s willingness to work with credit-challenged businesses.
However, negative reviews raise concerns about the overall cost of capital and limited post-funding communication. A small number of reviewers mention confusion over repayment structures or frustration with unclear terms. The limited number of reviews on other platforms, such as Trustpilot and the Better Business Bureau, also makes it challenging to evaluate consistency across experiences.
Approved Funding Group may deny an application for various reasons. Since it doesn’t publish minimum qualifications, it’s difficult to assess your likelihood of approval. Online research suggests the pre-approval process uses only a soft credit pull, which won’t affect your credit score.
If you apply and the company denies your application, it should provide a denial letter or an adverse decision notice that explains the reasons for the denial. If not, or if you require more information, contact Approved Funding Group directly.
Fortunately, small business owners have many lending options to consider. A significant number of online funders provide revenue based financing options, and many offer additional business loans as well.
Working with a small business loan marketplace like United Capital Source (UCS) allows you to apply to a network of lenders with a single application. You can then receive multiple offers to shop for the best deal for your small business needs. One of our funding experts can assist you with finding the best option.
You may be interested in one of the following small business loans:
Approved Funding Group could be a viable option for small businesses that need fast capital and may not qualify for traditional loans due to credit or collateral issues. Its quick turnaround time and flexible repayment model make it helpful in covering short-term expenses, investing in growth, or managing cash flow fluctuations.
However, businesses should be cautious about the high costs and lack of transparency surrounding terms and fees. Those with strong credit or who can qualify for traditional financing options—such as SBA loans, equipment financing, or business lines of credit—will likely find more affordable and predictable alternatives elsewhere.
Based on the available information, we rate Approved Funding Group 2.7 out of 5. It has solid Google reviews, but we have significant concerns about the limited funding options and lack of website transparency.
Disclaimer: The Approved Funding Group trademark is owned by Approved Funding Group LLC, and its use herein is for reference purposes only, and it does not indicate sponsorship or endorsement from Approved Funding Group LLC.
